A groundbreaking “Value of Air Transport” study recently unveiled by the International Air Transport Association (IATA) has illuminated the profound and multifaceted economic impact of the aviation sector within Kenya. The comprehensive report reveals that in the year 2023, aviation facilitated a staggering Ksh 425 billion (equivalent to USD 3.3 billion) in economic activity across […]
President Donald Trump, during a high-profile appearance at the Saudi-US Investment Forum in Riyadh, Saudi Arabia, has announced his administration’s decision to lift the long-standing sanctions on Syria. This move, following the dramatic fall of the Assad regime in December of the previous year, marks a significant shift in US foreign policy and has sent […]
China has taken decisive action by suspending all imports of beef and related products from South Africa with immediate effect. This stringent measure follows the confirmation of ongoing and concerning outbreaks of Foot and Mouth Disease (FMD) in several key agricultural provinces within South Africa, namely Mpumalanga, Gauteng, and KwaZulu-Natal. The Red Meat Industry Services […]
Absa Bank Kenya Expands Institutional Service Offering with Custody Relaunch Absa Bank Kenya has officially announced the relaunch of its custody services within the Kenyan financial market, marking a significant expansion of its institutional service offerings. This strategic move positions Kenya as the third market in Absa’s portfolio to host this crucial business line, following […]
In a decisive move aimed at revitalizing and strategically bolstering its manufacturing sector, the Kenyan government has officially launched an extensive industrial mapping and geo-location exercise specifically targeting Nairobi County, the nation’s capital and a significant industrial hub. This ambitious initiative is designed to generate comprehensive and granular data on the county’s industrial landscape, which […]
In a significant development that offers a temporary respite from escalating trade tensions, top officials from the United States and China announced on Monday that they have reached a mutual agreement to roll back the majority of their recently imposed tariffs. This accord also includes a commitment to a 90-day pause on any further tariff […]
Koidu Limited, the preeminent diamond mining company operating in Sierra Leone and a significant contributor to the nation’s economy, has made the drastic decision to halt all mining operations. This shutdown has resulted in the layoff of virtually its entire local workforce, comprising more than 1,000 employees, marking a severe blow to the local economy […]
In a bid to shore up Kenya’s fledgling Social Health Authority (SHA) and ensure timely remittance of contributions, Health Cabinet Secretary Aden Duale announced plans to have all civil servants’ SHA dues deducted directly by the National Treasury. The move comes after widespread reports of frontline health workers being denied care despite payroll deductions, and […]
India has tabled a sweeping proposal to reduce its average tariff differential with the United States from nearly 13% to under 4%, in exchange for an exemption from existing and potential new U.S. tariffs. The move comes as New Delhi races to clinch a landmark trade agreement before President Donald Trump’s 90-day tariff suspension lapses, […]
In a landmark move to shore up public finances, Nigeria’s Senate on May 9, 2025 approved four crucial tax reform bills designed to raise government revenue, streamline tax administration and strengthen fiscal discipline. Spearheaded by President Bola Tinubu’s administration, these measures mark the culmination of a sweeping overhaul that began with subsidy removals and multiple […]
In a pivotal moment for Kenya's economic trajectory, President William Ruto has officially assented to three critical National Assembly Bills:...
In a significant pronouncement that reverberates through the burgeoning digital asset landscape, the Bank for International Settlements (BIS), often referred...
The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African...
A transformative era has dawned for chilli farmers in Kenya's coastal region with the official commissioning of a state-of-the-art Sh250...
